Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.
HONG KONG -- Mainland Chinese property developers suffering from mounting debt obligations and dwindling sales have resorted to drastic workforce cuts, some of their annual reports show.
Yuzhou Group Holdings, a Hong Kong-listed midsize developer, disclosed on Thursday that it had slashed its headcount to 1,211 by the end of last year, from 1,985 a year earlier, marking a 39% decrease.
